Competition Regulation and Regulatory Governance

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Privatization plays a crucial role in economic reforms in developing countries, particularly since the neo-liberal shifts of the 1980s. The paper argues that while privatization aims to enhance efficiency in public services like water and education, it often falls short due to inadequate institutional capacity and unsuitable regulatory frameworks. It highlights the importance of tailoring competition and regulation to the specific economic, social, and political contexts of these countries to improve outcomes. Successful privatization requires significant adjustments compared to developed nations' experiences.